Mumbai, Oct. 10: Rating agency Crisil today cut India’s GDP growth forecast for 2011-12 to 7.6 per cent from its earlier estimate of 8 per cent, citing deteriorating global economic scenario and the grim investment climate in the country. The forecast is based on the assumption that developed economies will witness a slowdown but another recession will be averted, it said.

New Delhi, Oct. 10: The government has cleared 11 FDI proposals, entailing total foreign direct investment of Rs 182.78 crore, including that from 9X Media to increase foreign equity participation to up to 100 per cent.